What is the Fair Market Rent in Palos Township, IL?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home runs from $1,520 to $2,620 a month across the 7 ZIP codes that cover Palos Township.

By ZIP code: 60465 $1,780, 60464 $2,100, 60457 $1,520, 60480 $2,010, 60463 $2,620, 60482 $1,610, 60455 $1,590.

Across the whole Chicago-Joliet-Naperville, IL HUD Metro FMR Area the two-bedroom figure is $2,011.

The Census Bureau’s median gross rent for a two-bedroom home in Palos Township is $1,267 (±$92), below the Small Area figure for ZIP 60465.

Figures last updated on November 12, 2026.

2 bedrooms, whole area: $2,011
2 bedrooms, ZIP 60465: $1,780
2 bedrooms, ZIP 60464: $2,100
2 bedrooms, ZIP 60457: $1,520

Fair Market Rents for Palos Township, fiscal year 2027

HUD Fair Market Rent, dollars a month (gross rent, including utilities), beside the Census Bureau’s median gross rent for each ZIP code
	Studio	1 bedroom	2 bedrooms	3 bedrooms	4 bedrooms	Census median rent
Chicago-Joliet-Naperville, IL HUD Metro FMR Area (whole area)	$1,678	$1,780	$2,011	$2,586	$2,954	—
ZIP 60465	$1,490	$1,580	$1,780	$2,290	$2,610	$1,269
ZIP 60464 (97% of the ZIP’s land is in this place)	$1,750	$1,860	$2,100	$2,700	$3,080	$2,161
ZIP 60457 (86% of the ZIP’s land is in this place)	$1,270	$1,350	$1,520	$1,950	$2,230	$1,145
ZIP 60480 (70% of the ZIP’s land is in this place)	$1,680	$1,780	$2,010	$2,580	$2,950	$1,463
ZIP 60463 (39% of the ZIP’s land is in this place)	$2,190	$2,320	$2,620	$3,370	$3,850	$2,559
ZIP 60482 (32% of the ZIP’s land is in this place)	$1,340	$1,430	$1,610	$2,070	$2,360	$1,169
ZIP 60455 (30% of the ZIP’s land is in this place)	$1,330	$1,410	$1,590	$2,040	$2,340	$1,177

A Fair Market Rent is HUD’s estimate of the gross rent (shelter plus utilities) of a modest rental home in the area.

Whether a housing authority uses the ZIP code (Small Area) figures or the area-wide one depends on whether HUD has designated the area for Small Area FMRs or the authority has opted in; ask the local housing authority which applies.

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Questions about Palos Township

What is the Section 8 payment standard in Palos Township?

Housing authorities set payment standards between 90% and 110% of HUD’s Fair Market Rent; for fiscal year 2027, the two-bedroom Fair Market Rent for the Chicago-Joliet-Naperville, IL HUD Metro FMR Area is $2,011, and the Small Area figure for 60465 is $1,780.

What is the Fair Market Rent for a two-bedroom in ZIP 60465?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 60465 is $1,780 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,269 (±$249).

What is the Fair Market Rent for a two-bedroom in ZIP 60464?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 60464 is $2,100 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $2,161 (±$873).

What is the Fair Market Rent for a two-bedroom in ZIP 60457?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 60457 is $1,520 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,145 (±$67).

What is the Fair Market Rent for a one-bedroom in Palos Township?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 60465 is $1,580 a month, against $1,780 across the Chicago-Joliet-Naperville, IL HUD Metro FMR Area.

Sources

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.